Stocks stumble on inflation fears, but 2 of our names give us reasons to stay bullish
Stocks came under pressure last week as surging oil prices and bond yields stoked renewed concerns about inflation and the Fed's next move.
Stocks came under pressure last week as surging oil prices and bond yields stoked renewed concerns about inflation and the Fed's next move.
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Stocks came under pressure last week as surging oil prices and bond yields stoked renewed concerns about inflation and the Fed's next move.
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U.S. stocks are rebounding and clawing back much of their losses for the week after oil prices eased off their recent spurt
Inflation remained stubbornly elevated at 3.4% in August at the end of a week of surging oil prices
CNBC’s Jim Cramer said falling oil prices helped fuel Friday’s rebound, but warned next week’s Federal Reserve meeting will be the next test for stocks.
Inflation remained stubbornly high in August, largely on the back of higher energy prices amid the Iran war, economists said.
Petrol prices jumped 3.9 percent month-to-month, accounting for one-third of the overall inflation increase in August.
Treasury yields remained near multiyear highs as investors weighed the impact of the latest consumer price report for August.